47 Kulamanu, Kula, HI 96790

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Property Description

Builder's delight! Rare seller financing on a vacant land parcel with a gorgeous bi-coastal ocean view and expansive views of West Maui mountains. The 11,012sf lot is just before Jacaranda Grove in the highly desired Kulamanu Subdivision which is a well maintained neighborhood with underground utilities and a private park. The parcel includes a county water meter and a new survey with map. The seller will carry a note by Agreement of Sale for 2 years so you can design and build your dream home and then refinance it into a 30 year mortgage! No prepayment penalty. Only 10% downpayment @ 10% interest rate. Interest to be paid on the declining balance so anytime you want to make a principal lump sum payment, the interest is recalculated on the lower balance. You can use a larger down payment if you prefer so the monthly interest payments would be less. Golden opportunity to have the freedom to build without the Lender requirements and restrictions or heavy downpayment. This is an exceptional view lot and one of the last available ocean, Haleakala and West Maui view lots in the neighborhood.

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Calculator source: Real Geeks

Listing courtesy of Emerald Club Realty, Inc..

This information is believed to be accurate. It has been provided by sources other than the Realtors Assoc. of Maui and should not be relied upon without independent verification. You should conduct your own investigation and consult with appropriate professionals to determine the accuracy of the information provided and to answer any questions concerning the property and structures located thereon. Featured properties may or may not be listed by the office/agent presenting this brochure. Copyright, 1995-2015, REALTORS® Association of Maui, Inc. All Rights Reserved.